Georgia Real Estate U Final Exam Study Questions and Answers 100% Accurate.
What is a lien theory state? The homeowner holds the deed for the property throughout
the entire loan.
There is a mixed-use property for sale in Yes, because mixed-use is a combination of commercial and
Cassie's community, and a buyer walks into residential real estate
her office looking for a residential space.
Should Cassie consider showing him the
property zoned mixed-use?
An investor who bought a rental house Property manager
needs someone to take care of the
property, screen prospective renters,
coordinate repairs, handle maintenance and
tenant concerns, and evictions, if necessary.
He's looking for a...?
In economics, supply is...? The quantity of goods or services available, whether in
abundance or scarcity.
Georgia Real Estate U Final Exam Study Questions and Answers 100% Accurate.
,Georgia Real Estate U Final Exam Study Questions and Answers 100% Accurate.
In economics, demand is...? The supply of willing and able consumers, which can be few
or numerous.
When the supply is limited and demand is Prices escalate
high...?
To become a real estate broker, a person Experience as an agent, a broker's license, and additional
must have...? education.
Real estate brokers are paid a commission The commission, which can vary, is split between the broker
for the sales, and...? and agent.
Property types are generally categorized by Zoning Law
the ........... that applies to that property.
A family is going to build their dream home, An Architect
and they've looked at several house plans,
but they haven't found one that is exactly
right. They'd like to take some parts from
one plan and combine it with parts from
another, with some additional innovations of
their own. They want someone who can
design and plan their home and work with
the contractors to build it. The person they
need to find is ...?
Single family homes are...? Private freestanding residential houses
The effect of the first-time homebuyer's tax Motivate people to buy homes
credit was to...?
Real estate agents work with...? Buyers and Sellers
When supply is plentiful and demand is Prices drop
low...?
Sam is looking for a warehouse, and he A agent that specializes in industrial property
wants to find a real estate agent or broker
who is knowledgeable in this area. He's
starting a business, and it will require space
for assembly and production, but he also
needs to be able to use it for distribution,
warehousing, and research and
development. He needs to find...?
Georgia Real Estate U Final Exam Study Questions and Answers 100% Accurate.
,Georgia Real Estate U Final Exam Study Questions and Answers 100% Accurate.
Single-family homes and single-family lots Residential Property
are always considered...?
Fill in the blank. ........... represent both the Dual Agents
buyer and seller or both the tenant and
landlord in the same transaction.
Georgia Real Estate U Final Exam Study Questions and Answers 100% Accurate.
, Georgia Real Estate U Final Exam Study Questions and Answers 100% Accurate.
If you serve in the army reserve and are 5 points are added in each of Information Gathering and
studying to be a broker, you effectively get Decision Making sections.
10 points added to your score. Which of the
following is true?
If the Commission denies your application You have the right to a hearing for a final determination.
based on a conviction or disciplinary action,
what rights do you have?
Every salesperson has to provide the 25 hours
Commission with evidence that they
completed a............post-license course
within one year of obtaining their license.
Hans Rosenstein moved from Florida, where No
he was a sales agent, to Georgia. Hans
completed his post-license course in
Florida, a state considered similar to
Georgia in terms of real estate law. Does
Hans have to take the post-license course in
Georgia?
Jolie Harper is a licensed real estate agent Inactive her license
in a Georgia brokerage. She is offered a job
selling condos for the unlicensed owner-
developer. Jolie must ...... and will have to
reapply if she decides to practice as a
salesperson under a brokerage again.
Any lapse longer than two years and under For appraisers, they must take the Salespersons Prelicense
five years can be reinstated by paying back Course.
fees and taking the appropriate class. Which
of the following is not a valid answer?
Prince Stover moves his Athens brokerage 30
to a location with more foot traffic. He must
notify the Commission within ..... days of
his new address.
. ......... is required prior to advertising Written permission to advertise
property for rent, sale, lease or exchange.
If a licensee makes an offer on a property as Written agreement
part of a brokerage engagement or an
extension of an engagement, the terms and
conditions of the engagement must be set
down in a...?
Georgia Real Estate U Final Exam Study Questions and Answers 100% Accurate.
What is a lien theory state? The homeowner holds the deed for the property throughout
the entire loan.
There is a mixed-use property for sale in Yes, because mixed-use is a combination of commercial and
Cassie's community, and a buyer walks into residential real estate
her office looking for a residential space.
Should Cassie consider showing him the
property zoned mixed-use?
An investor who bought a rental house Property manager
needs someone to take care of the
property, screen prospective renters,
coordinate repairs, handle maintenance and
tenant concerns, and evictions, if necessary.
He's looking for a...?
In economics, supply is...? The quantity of goods or services available, whether in
abundance or scarcity.
Georgia Real Estate U Final Exam Study Questions and Answers 100% Accurate.
,Georgia Real Estate U Final Exam Study Questions and Answers 100% Accurate.
In economics, demand is...? The supply of willing and able consumers, which can be few
or numerous.
When the supply is limited and demand is Prices escalate
high...?
To become a real estate broker, a person Experience as an agent, a broker's license, and additional
must have...? education.
Real estate brokers are paid a commission The commission, which can vary, is split between the broker
for the sales, and...? and agent.
Property types are generally categorized by Zoning Law
the ........... that applies to that property.
A family is going to build their dream home, An Architect
and they've looked at several house plans,
but they haven't found one that is exactly
right. They'd like to take some parts from
one plan and combine it with parts from
another, with some additional innovations of
their own. They want someone who can
design and plan their home and work with
the contractors to build it. The person they
need to find is ...?
Single family homes are...? Private freestanding residential houses
The effect of the first-time homebuyer's tax Motivate people to buy homes
credit was to...?
Real estate agents work with...? Buyers and Sellers
When supply is plentiful and demand is Prices drop
low...?
Sam is looking for a warehouse, and he A agent that specializes in industrial property
wants to find a real estate agent or broker
who is knowledgeable in this area. He's
starting a business, and it will require space
for assembly and production, but he also
needs to be able to use it for distribution,
warehousing, and research and
development. He needs to find...?
Georgia Real Estate U Final Exam Study Questions and Answers 100% Accurate.
,Georgia Real Estate U Final Exam Study Questions and Answers 100% Accurate.
Single-family homes and single-family lots Residential Property
are always considered...?
Fill in the blank. ........... represent both the Dual Agents
buyer and seller or both the tenant and
landlord in the same transaction.
Georgia Real Estate U Final Exam Study Questions and Answers 100% Accurate.
, Georgia Real Estate U Final Exam Study Questions and Answers 100% Accurate.
If you serve in the army reserve and are 5 points are added in each of Information Gathering and
studying to be a broker, you effectively get Decision Making sections.
10 points added to your score. Which of the
following is true?
If the Commission denies your application You have the right to a hearing for a final determination.
based on a conviction or disciplinary action,
what rights do you have?
Every salesperson has to provide the 25 hours
Commission with evidence that they
completed a............post-license course
within one year of obtaining their license.
Hans Rosenstein moved from Florida, where No
he was a sales agent, to Georgia. Hans
completed his post-license course in
Florida, a state considered similar to
Georgia in terms of real estate law. Does
Hans have to take the post-license course in
Georgia?
Jolie Harper is a licensed real estate agent Inactive her license
in a Georgia brokerage. She is offered a job
selling condos for the unlicensed owner-
developer. Jolie must ...... and will have to
reapply if she decides to practice as a
salesperson under a brokerage again.
Any lapse longer than two years and under For appraisers, they must take the Salespersons Prelicense
five years can be reinstated by paying back Course.
fees and taking the appropriate class. Which
of the following is not a valid answer?
Prince Stover moves his Athens brokerage 30
to a location with more foot traffic. He must
notify the Commission within ..... days of
his new address.
. ......... is required prior to advertising Written permission to advertise
property for rent, sale, lease or exchange.
If a licensee makes an offer on a property as Written agreement
part of a brokerage engagement or an
extension of an engagement, the terms and
conditions of the engagement must be set
down in a...?
Georgia Real Estate U Final Exam Study Questions and Answers 100% Accurate.
